Earn instant income on this already tenanted investment opportunity!
Yieldit are pleased to present to this fantastic 7 bedroom HMO, located in the popular district of Greater Manchester, Walkden.
The property has recently been completely renovated and is in immaculate condition throughout. Each self-contained bedsit benefits from an en-suite shower room with walk-in shower as well as a small kitchen workspace (No integrated cooking facilities). There is a shared kitchen on each floor which also consists of laundry facilities and dining area. Each property offers it's own unique layout and boasts a modern finish throughout.
This is an excellent investment opportunity for an investor to take advantage of a fully occupied HMO which has attracted young working professional tenants due to its excellent location and high standard of finish.
Surrounded by beautiful countryside and with Manchester within easy reach, Walkden in Salford has always been a popular location for buy-to-let investors. An ideal base for commuters, Walkden is roughly 25 minutes by car to Manchester or just 18 minutes on public transport. Because of its proximity to Manchester, it also means London is within easy reach ad you can be at Euston in just under 3 hours. The M61, M62, M60 and A580 are all minutes away, taking you to Liverpool, North Wales, the Lake District, Birmingham and beyond. Walked and the surrounding area are lush with greenery, golf clubs, gardens and country parks. For indoor activities, the Trafford Centre is 5 minutes down the M60 with loads of shops, restaurants and activities to satisfy a day out. Frequent public transport also makes Manchester and all its museums, art galleries, shops, bars, and restaurants easy to get to.
Gross rent: £55,120
Lettings fees: £6,614
Net income: £42,359
Gross yield: 9.19%
Net yield: 7.06%
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-16531